Tue07232019

Robins Global News & Noticias



  • Gaming Chair Review
    Gaming Chair Review
  • Data Recovery Review
    Data Recovery Review
  • Online Video Editors
    Online Video Editors
  • Download TV Series
    Download TV Series
  • All Elite Wrestling
    All Elite Wrestling
  • Trump Pence News
    Trump Pence News
  • Weather Alerts
    Weather Alerts

RobinsPost News Network

+ Larger Font | + Smaller Font

Globe NewsWire News Distribution Service

Press Release: Flux Power Holdings Announces a 1-for-10 Reverse Stock Split


VISTA, Calif., July 11, 2019 (GLOBE NEWSWIRE) -- Flux Power Holdings, Inc. (OTCQB:FLUX), a developer of advanced lithium batteries for industrial applications including electric forklifts and airport ground support equipment (GSE), today  announced a 1-for-10 reverse stock split of its outstanding and authorized stock, effective July 11, 2019 at 6:00 p.m. Eastern Time.

Beginning at the opening of the market on July 12, 2019, the Company’s common stock will begin trading on a split-adjusted basis on the OTCQB under the symbol “FLUXD”. The new CUSIP number for the common stock will be 344057 302.

At the effective time of the reverse stock split, every 10 pre-split shares of common stock outstanding was automatically combined into one new share of common stock without any action on the part of the holders.  In addition, all options, warrants, and any other similar instruments convertible into, or exchangeable or exercisable for, shares of common stock were proportionally adjusted to reflect the reverse stock split.  The reverse stock split also proportionately reduced the number of authorized shares of common stock and authorized shares of preferred stock.  All fractional shares of common stock were rounded up to the nearest whole share. No fractional shares were issued as a result of the reverse stock split.  Holders of fractional shares outstanding after the reverse stock split received one full share of post-reverse stock split share.

As a result of the reverse stock split, the Company’s  issued and outstanding common shares has been reduced to approximately 5.1 million (from approximately 51 million) and its total authorized shares has also been proportionally reduced.  The par value of the common stock was not affected by the reverse stock split.

The reverse stock split of the Company’s authorized, issued, and outstanding common stock was approved by the Company’s Board of Directors on June 28, 2019.

About Flux Power Holdings, Inc. (www.fluxpower.com)
Flux Power develops advanced lithium-ion batteries for industrial uses, including its first-ever UL 2271 Listed lithium-ion “LiFT Pack” forklift batteries. Flux solutions utilize its proprietary battery management system and in-house engineering and product design. Flux batteries deliver improved performance, extended cycle life and lower total cost of ownership than legacy lead-acid solutions. Flux sells primarily to lift equipment OEM’s, their dealers and battery distributors. Current products include advanced battery packs for motive power in the lift equipment and airport ground support markets.

Follow us at:

Flux, Flux Power and associated logos are trademarks of Flux Power, Inc. All other third party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.

Media & Investor Relations:
Catalyst IR
David Collins or Chris Eddy
212-924-9800


Posted: 2019-07-11 22:05:00

Get Full News Story On GlobeNewsWire Press Release Service


Listen to this article. Speaker link opens in a new window.
Text To Speech BETA Test Version.


Print Friendly and PDF Share Embed


Related News Stories From The Web And More

Related Bing News

Press Release: Flux Power Holdings Announces a 1-for-10 Reverse Stock Split | Globe NewsWire News Distribution Service | RobinsPost News Network - Newscast

Flux Power Holdings Announces a 1-for-10 Reverse Stock Split

Thu, 11 Jul 2019 17:24:00 GMT

VISTA, Calif., July 11, 2019 (GLOBE NEWSWIRE) -- Flux Power Holdings, Inc. (FLUX), a developer of advanced lithium batteries for industrial applications including electric forklifts and airport ...

Hudson Global Announces Reverse Stock Split

Mon, 10 Jun 2019 06:06:00 GMT

1-for-10 Reverse Stock Split Effective June 10, 2019 for Trading June 11, 2019 OLD GREENWICH, Conn., June 10, 2019 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (NASDAQ:HSON) ("Hudson" or the "Company") ...

Digirad Corporation Announces Reverse Stock Split

Fri, 31 May 2019 13:20:00 GMT

SUWANEE, Ga., May 31, 2019 (GLOBE NEWSWIRE) -- Digirad Corporation (DRAD) (“Digirad” or “the Company”) today announced a reverse stock split of its outstanding shares of common stock at a ratio of ...

Digirad Corporation Announces Reverse Stock Split

Fri, 31 May 2019 13:09:00 GMT

1-for-10 Reverse Stock Split Effective June 4, 2019 for Trading June 5, 2019 SUWANEE, Ga., May 31, 2019 (GLOBE NEWSWIRE) -- Digirad Corporation (NASDAQ:DRAD) ("Digirad" or "the Company") today ...

OncoSec Announces 1-for-10 Reverse Stock Split

Mon, 20 May 2019 09:52:00 GMT

SAN DIEGO and PENNINGTON, N.J., May 20, 2019 /PRNewswire/ -- OncoSec Medical Incorporated (OncoSec) (NASDAQ: ONCS), a late-stage cancer biotechnology company developing intratumoral gene-delivery ...

Related Twitter Search

$BW Announces 1-for-10 Reverse Stock Split to happen on July 23rd The share price WILL increase so before it does, I’m gonna get in on it. I’m entering on Monday, it’s currently sitting at $0.33 Here’s a link to understand reverse stock split: finance.zacks.com/reverse-stock-…

(Sat, 20 Jul 2019 14:29:23 +0000)

$BW Announces 1-for-10 Reverse Stock Split to happen on July 23rd The share price WILL increase so before it does, I’m gonna get in on it. I’m entering on Monday, it’s currently sitting at $0.33 Here’s a link to understand reverse stock split: finance.zacks.com/reverse-stock-

Related News Story Videos From Youtube

Stock Market Training: What is a Reverse Split?


Related Videos On: Stock Market Training: What is a Reverse Split?


WHAT IS A REVERSE STOCK SPLIT? 📈 Reverse Stock Splits Explained


Related Videos On: WHAT IS A REVERSE STOCK SPLIT? 📈 Reverse Stock Splits Explained


Citigroup Announces 1 to 10 Reverse Stock Split, Reinstates Quarterly Dividend (C)


Related Videos On: Citigroup Announces 1 to 10 Reverse Stock Split, Reinstates Quarterly Dividend (C)


+56% Gain from a Reverse Split Short Squeeze $SPI $DCIX


Related Videos On: +56% Gain from a Reverse Split Short Squeeze $SPI $DCIX


What is a stock split? | Dejargoned


Related Videos On: What is a stock split? | Dejargoned






Blow Us A Whistle

Comments (Whistles) Designed By Disqus




Company Information

Official Content Providers











PRIVACY POLICY

We recommend Firefox 3 (and above), Edge, and Chrome for dynamic performance.
© 2008-2019 RobinsPost (The Bird's Eye View Company) All rights are reserved.
RobinsPost provides links to news sites based on their RSS feeds.
All trademarks, copyrights, videos, photos and logos are owned by news sources.
News stories, videos and live streams are from trusted sources:
Bing News, Google News, Faroo News, NewsApi.org and YouTube Search Results.
ROBINSPOST Is Proudly Made In America.
Where Quality, Safety and Service Comes First.